Saraswat bank personal loan interest rate 2016

But lenders also assess your credit worthiness, usually by looking at your credit file. The lowest rates are reserved for the best customers that is, borrowers with a spotless credit record. If you are judged likely to default on the loan because of a poor credit history, you will be charged a higher rate of interest or your application will be turned down. In other words, there is no guarantee that you will qualify for the advertised rates.

Lenders are allowed to boast of low representative rates if those rates are charged to 51 of successful applicants, which means almost half could be charged a higher rate.

Early repayment. You can pay off your debt before the end of the loan term if you come into some cash. But watch out for early repayment fees.

Every inquiry received is handled with care and speed. Your Loan, Your Business. We recognize a personal loan is a private matter. Reasons for needing money range from critical automobile maintenance, unexpected medical expenses, much needed family vacation, basic home improvements, etc. Whatever your reason, we respect your privacy.

Thus, we work with lenders familiar with your situation and are ready to help. Important Disclosures. Please Read Carefully. This service is not available in all states.

The APR on a small dollar, short term loan represents the amount of your loan, cost of the loan, term of saraswat bank personal loan interest rate 2016 loan and repayment amounts and timing. Loans on the lower end of the APR range may be for a larger loan amount and for a longer term. Loans on the higher end of the APR range may be for a smaller loan amount and for a shorter term. Depending on your credit needs and desire to pay your loan off quickly, your lender may only offer you loans with an APR near the high end of the range noted above.

This is an expensive form of credit. A short term loan should be used for short term financial needs only, not as a long term financial solution. Customers with credit difficulties should seek credit counseling or meet with a nonprofit financial counseling service in their community.

You are encouraged to consult your states consumer information pages to learn more about the risks involved with cash advances.